*Gold slumps to lowest since late June. SYDNEY, Dec 13- Asian markets are likely to stay under pressure on Friday as investors fret over the outlook for U.S. policy stimulus, though Japanese stocks could draw comfort from a reversal in the yen against the dollar.» Read More
TOKYO, Nov 29- Japanese stocks paused for breath on Friday after hitting their highest closing level in nearly six years on Thursday, though they are still on track for their best November gain since 1998 as the yen tumbled.
Takuji Okubo, Chief Economist at Japan Macro Advisors, says Japan's 2 percent growth rate for 2013 is well above the 1.5 percent average for advanced economies.
Stephen Sheung, Head of Investment Strategy at SHK Private explains his bullish calls on the Japanese markets.
Chris Tedder, Research Analyst at FOREX.com, says despite Japanese nationwide inflation at a five-year high, more stimulus is still needed from the Bank of Japan.
Investors have been using the yen as a funding currency for carry trades with the Bank of Japan committed to keeping ultra-loose monetary policy to shore up growth-- a contrast with the U.S.
SYDNEY, Nov 29- The yen was pinned at a four-year trough against the euro and a six-month low on the dollar early in Asia on Friday, having suffered a bruising week as investors used the low-yielding currency to buy riskier assets.
Jonathan Webb, head of foreign exchange strategy at Jefferies Bache, explains that a number of factors are "getting together" for the yen and that the Bank of Japan is unlikely to intervene as it's "very happy" to see the yen weakening.
As the buoyant mood spread, Japan's Nikkei hit its highest close in nearly six years, and Asian shares outside Japan rose 0.6 percent to reach a one-week high. In Europe, Germany's DAX index touched an all-time high as trading got underway while the pan-European FTSEurofirst 300 index was up 0.4 percent and on track to post its third straight month of gains.
LONDON, Nov 28- The yen struggled near lows against the euro and the dollar on Thursday, and was on track for one of its worst monthly performances this year as investors sold the low-yielding currency to buy higher-yielding assets.
TOKYO, Nov 28- Asian shares were in a buoyant mood, with Japanese stocks hitting their highest close in nearly six years after the yen fell sharply on relatively positive U.S. economic data, while two major regional currencies slumped.
TOKYO, Nov 28- Asian shares were in a buoyant mood, with Japanese stocks charging towards a 5-1/ 2 year peak on Thursday after the yen fell sharply on the back of relatively positive U.S. economic data, while two major regional currencies slumped.
TOKYO, Nov 28- Asian shares were in a buoyant mood, with Japanese stocks charging towards a 5-1/ 2 year peak on Thursday after the yen fell sharply on the back of relatively positive U.S. economic data.
TOKYO, Nov 28- Japanese stocks charged towards a 5-1/ 2 year peak on Thursday after the yen fell sharply on the back of relatively positive U.S. economic data, while other regional share markets edged modestly higher.
Naomi Fink, Founder & CEO of Europacifica Consulting says Japan's economy looks hopeful but doubts remain whether reflation can spill into wages.
Naomi Fink, Founder & CEO of consultancy firm, Europacifica Consulting talks about the widening deflationary wage gap in Japan and how it impacts the government's goal to reflate the economy.
Sacha Tihanyi, Senior Currency Strategist at Scotiabank explains why he thinks Bank of Japan action could prove the next driver of yen weakness and shares his opinion on the virtual currency, Bitcoin.
*Trading light with U.S. markets shut for Thanksgiving on Thursday. SYDNEY, Nov 28- The yen languished at fresh lows against the euro and dollar early in Asia on Thursday on track for one of its worst monthly performance this year, while sterling climbed on more evidence of a stronger economic recovery at home.
Jens Nordvig, Global Head of Currency Strategy at Nomura expects the BOJ to get more aggressive next year and says USD/JPY could hit 107 by mid-2014.
NEW YORK, Nov 27- The euro rose to its highest in four years against the yen and a near one-month peak versus the dollar on Wednesday as investors embraced risk following news Germany's two major parties had formed a grand coalition deal.
David Sneddon, global head of technical analysis at Credit Suisse, charts the performance of the Japanese Nikkei and explains why it's like looking like "deja-vu."